Ticker > IPO > New Listed IPO > Global Surfaces Ltd.

Global Surfaces Ltd. IPO

Company is engaged in the business of processing natural stones and manufacturing engineered quartz. Their products have application in the flooring, wall cladding, countertops, cut-to size and other items. The products are used in both commercial and residential industry and are sold within and outside India.

RHP
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DRHP
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Open Date

2023-03-13

Close Date

2023-03-15

IPO Details

Check out the issue details for Global Surfaces Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 140

Price Band

₹ 133 - 140

Issue Size

154.98 Cr.

Issue Type

Book Built

Open

2023-03-13

Close

2023-03-15

Listingprice

₹ 164

ListingGain

17.14%

Listing Date

2023-03-23

CMP

₹ 219

Current Return

56.43%

News

Global Surfaces - Quaterly Results10 Feb, 6:25PM Global Surfaces - Quaterly Results10 Feb, 6:25PM Global Surfaces - Quaterly Results10 Feb, 6:25PM Global Surfaces’ arm commences commercial production of Quartz at Jebel Ali Free Zone in Dubai9 Feb, 4:00PM Global Surfaces informs about compliances-certificate9 Oct, 5:14PM Global Surfaces informs about voting results and scrutinizer’s report22 Sep, 3:35PM Global Surfaces - Quaterly Results14 Aug, 12:00PM Global Surfaces - Quaterly Results14 Aug, 12:00PM Global Surfaces informs about updated CIN22 Jun, 1:25PM Global Surfaces submits statement of deviation29 May, 4:18PM Global Surfaces submits statement of deviation29 May, 4:17PM Global Surfaces incorporates subsidiary company9 May, 2:24PM Global Surfaces informs about repayment of loan 9 May, 11:32AM Global Surfaces informs about updates29 Mar, 4:40PM Global Surfaces coming with an IPO to raise upto Rs 154.98 crore9 Mar, 11:35AM Global Surfaces files DRHP with SEBI for IPO 1 Jul, 12:27PM

Company Financials

You can get the following financial statements of Global Surfaces Ltd. as of now.

Company Name

Global Surfaces Ltd.

Exchange

NSE: GSLSU BSE: 543829

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

Subscription Details

The details about the Global Surfaces Ltd IPO is as:

  • The issue size of the IPO is 154.98 Cr.
  • The price band for Global Surfaces Ltd. IPO is Rs 133 to Rs 140.
  • The shares of Global Surfaces Ltd. IPO will list on 23rd March 2023.
  • The latest tentative GMP of Global Surfaces Ltd. IPO is Rs 15.
  • The shares of Global Surfaces Ltd. IPO is subscribed 12.21 Times as of 15th March 2023.

 

Global Surfaces Ltd IPO Valuation

The approx valuation of Global Surfaces Ltd IPO based on its price band and RHP/DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 140
Existing Shares (Qty) 3.38 Cr
Fresh Issue (Qty) 0.85 Cr
EPS (FY22) Rs 10.52
PE Ratio 13.30x

 

Global Surfaces Ltd IPO Issue Size

Global Surfaces Ltd IPO issue size is 154.98 Cr.

Issue Amount
Fresh Issue 0.85 Cr Shares
Offer For Sale 0.25 Cr Shares

 

Divgi Torqtransfer Systems Ltd. IPO Market Lot

An Individual can apply for a minimum 1 lot of 100  shares and a maximum of 14 lots of 1400 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 100 Rs 14,000
 Maximum 14 1400 Rs 1,96,000

 

Global Surfaces Ltd IPO share offer

The shares of Global Surfaces Ltd. IPO is subscribed 12.21 Times as of 15th March 2023. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 8.95 Times
Non-Institutional Minimum 15% 33.10 Times
Retail Individual Minimum 35% 5.12 Times
Total   12.21 Times

 

Global Surfaces Ltd IPO Grey Market Premium

As on GMP (Tentative)
14 March 2023 Rs 30
15 March 2023 Rs 20
16 March 2023 Rs 20
17 March 2023 Rs 10
18 March 2023 Rs 15
20 March 2023 Rs 15

Global Surfaces Ltd IPO GMP is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Allotment Details

Find below the dates for Global Surfaces Ltd IPO:

Schedule Date
Basis of Allotment 20 March 2022
Refunds 21 March 2022
Credit to Demat Account 22 March 2022
IPO Listing Date 23 March 2022

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 136.01 162.66 174.89 189.37 177.03
Total Expenditure 104.24 122.71 128.02 148.36 142.56
Operating Profit 31.77 39.95 46.87 41.01 34.47
Other Income 1.35 3.12 3.82 8.57 4.43
Interest 5.84 5.2 3.41 2.95 3.5
Depreciation 12.02 16.86 13.01 10.78 9.36
Exceptional Items 0 0 0 0 0
Profit Before Tax 15.27 21.01 34.27 35.86 26.04
Provision for Tax 2.1 -1.74 0.54 0.4 0.96
Net Profit 13.17 22.75 33.73 35.46 25.07
Adjusted EPS (Rs.) 0.39 0.67 1 1.05 0.59

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 6.45 6.45 6.45 33.86 42.38
Total Reserves 35.76 58.51 91.78 99.78 217.94
Borrowings 44.9 13.76 6.46 10.79 6.64
Other N/C liabilities -0.62 -2.18 -10.88 -16.98 -20.58
Current liabilities 64.56 49.82 52.45 48.78 56.78
Total Liabilities 151.04 126.37 146.26 176.23 303.16
Assets
Net Block 65.73 59.84 53.46 47.86 47.28
Capital WIP 0.22 0 1.29 5.58 0
Intangible WIP 0 0 0 0 0
Investments 0 0 0.07 1.52 20.2
Loans & Advances 2.04 5.5 4.06 5.09 15.68
Other N/C Assets 0 0 0.04 0 0
Current Assets 83.06 61.03 87.34 116.18 219.99
Total Assets 151.04 126.37 146.26 176.23 303.16
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 1.35 2.87 4.92 3.28
Profit Before Tax 5.62 7.11 7.59 6.39
Tax 0.14 1.4 1.89 1.02
Profit After Tax 5.48 5.71 5.7 5.37
Adjusted EPS (Rs) 1.29 1.35 1.34 1.27

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 73.36 0
Dec 2023 73.36 0
Sep 2023 73.36 0
Jun 2023 73.36 0
Mar 2023 73.36 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 15.27 21.01 34.27 35.86 26.04
Adjustment 17.96 23.9 15.33 11.17 9.79
Changes in Assets & Liabilities -25.52 10.12 -14.15 -11.32 -3.05
Tax Paid -3.05 -3.13 -4.13 -8.16 -7.41
Operating Cash Flow 4.66 51.89 31.32 27.55 25.37
Investing Cash Flow -19.57 -10 -7.96 -28.3 -124.44
Financing Cash Flow 17.47 -44.41 -19.31 -3.45 104.6
Net Cash Flow 2.56 -2.52 4.05 -4.2 5.52
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